Nov 4 School bus operator Atlantic Express
Transportation Corp filed for chapter 11 bankruptcy protection
late on Monday, a court filing showed.
New York-based Atlantic Express listed out estimated
liabilities and assets of $100 million to $500 million.
Atlantic Express, founded in 1964 with 16 vans, operates a
fleet that ranges from sedans and wagons to a variety of school
buses and luxury coaches.
Two funds of Wayzata Investment Partners, a private equity
firm that specializes in purchasing distressed companies and
assets, own about 63 percent of Atlantic Express, according to
Besides the company, 39 of its affiliates also concurrently
filed for bankruptcy protection.
The case is Atlantic Express Transportation Corp, Case No.
13-13598, U.S. Bankruptcy Court, Southern District of New York.